Reliance Jio and unlisted Viom did not give financial details of the agreement. Viom has 42,000 mobile phone towers, according to a joint statement.

Reliance Industries, controlled by India's richest man Mukesh Ambani bought 4G airwaves in a 2010 government sale, but has yet to launch services. It added some airwaves it can use to offer 4G services from an auction this year.

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The BSE Sensex posted its worst monthly fall in more than two years, raising concerns a strong rally that saw indexes surge in the fiscal year was waning due to concerns about stock valuations and a more gradual economic growth. Full Article